Research 2010: who are the respondents; key findings

Our survey was carried out in January 2010, with analysis based on 354 responses from Employee Benefits’ readers and users of www.employeebenefits.co.uk

Key Findings

  • 55% of respondents believe their flex scheme has been effective at reducing/containing the cost of reward.
  • 31% do not give staff a flex pot to spend, but enable them to trade benefits up or down, making this the most popular way of structuring flex.
  • 42% have reviewed providers to get a better deal as a response to the recession.
  • 41% will come under pressure to introduce tax/NIefficient perks in the coming year.
  • 11% of employers that offer tax-efficient perks through flex use the savings to fund other business initiatives – up from 3% last year.
  • 13% operate a flex scheme internationally, with 60% of these doing so in North America.
  • 97% offer childcare vouchers through flex, making this the most commonly included option.
  • 62% actively measure the success of their flexible benefits scheme.
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More articles on: Employee Benefits/Towers Watson Flexible Benefits Research 2010